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Key documents
Objective
The BlueBay Investment Grade Euro Aggregate Bond Fund is designed to invest in predominantly European investment grade corporate and sovereign issuers, rates and currencies, combined with environmental, social and governance (ESG) criteria.
Sustainability-related disclosure
The BlueBay Investment Grade Euro Aggregate Bond Fund (the Fund) is actively managed and has an objective to achieve a total return annually in excess of the Barclay's Investment Grade Euro Aggregate Index. There are no restrictions on the extent to which the Fund's portfolio and performance may deviate from the ones of the benchmark. As part of the investment process, the Investment Manager has full discretion over the composition of the Fund's portfolio and may take exposure to companies, countries or sectors not included in the benchmark.
The Fund’s benchmark (Barclays Investment Grade Euro Aggregate index) does not implement any of the ESG specific considerations which apply to the fund and is therefore used for performance comparison only.
This is a marketing communication. There are several risks associated with investing in this product. Please refer to the prospectus of the fund and to the KIID available on this website before making any final investment decisions.
Investment approach
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Seeking to generate excess returns from investment decisions in interest rates, sovereign and corporate credit and currencies based on high quality forensic proprietary research
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Strong focus on policy and politics and regulatory analysis along with more traditional balance sheet analysis
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Decision making focussed on both long and short risk positions to be able to generate alpha in all market environments
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Strong emphasis on capital preservation means focus on total as well as relative returns
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Uses the full range of cash and derivative securities
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Disciplined risk management at every stage of investment process
Market opportunity
The Fund invests predominately in investment grade European sovereign and corporate fixed income and takes risks in term structure, top down (beta) and bottom up (alpha) credit and modest active FX
Proprietary research with a deep understanding for policy, politics and company management is key to our fundamental analysis, which combined with valuation and technical analysis, provides a comprehensive assessment for every investment opportunity
Mark Dowding
Chief Investment Officer, RBC BlueBay Asset Management
Mark is RBC BlueBay's Chief Investment Officer. He has over 26 years' investment experience as a macro fixed income investor and has been a senior portfolio manager at RBC BlueBay since he joined in August 2010. As a macro risk taker, Mark actively pursues an open dialogue with policy makers and opinion formers, believing that proprietary research is key to gaining insights in order to generate strong investment returns. Prior to joining RBC BlueBay, Mark was Head of Fixed Income in Europe for Deutsche Asset Management, a role he previously occupied at Invesco. He started his career as a fixed income portfolio manager at Morgan Grenfell in 1993 and holds a BSc (Hons) in Economics from the University of Warwick.
Kaspar Hense
Partner, Senior Portfolio Manager, Investment Grade
Kaspar joined RBC BlueBay in August 2014 and is a Senior Portfolio Manager within the Investment Grade team. Prior to joining RBC BlueBay, Kaspar worked for three years at Toronto Dominion Securities, in their global fixed income, capital markets group covering German clients. Previously, Kaspar spent six years with Deutsche Asset and Wealth Management where he was responsible for the global aggregate bond strategy. Kaspar began his career at Merrill Lynch in 2005 as an analyst. He holds a Master's Degree in Financial Management from a joint programme of the Christian Albrechts University of Kiel and the University of San Diego; and a Master's Degree in Economics from the Christian Albrechts University of Kiel. Kaspar is a CFA charterholder.